The Plaza, Hotel Residences

768 Fifth Avenue, 1640

Midtown West   |   West 58th Street & West 59th Street

Condo [Full Service]
$ 2,595,000
Rooms 3
Bedrooms 1
Bathrooms 1.5
Status Active
Real Estate Taxes [Monthly] $ 2,453
Common Charges [Monthly] $ 9,562
Listing ID: 1567205

Property Description

One of the highly coveted Edwardian Suites, this unit is nearly double the size of a standard Plaza guest room at 941 sf (87.42 sq m). This perfectly proportioned suite offers a spacious sitting room with a decorative fireplace, a powder room, wet-bar and Butler's Pantry. The bathrooms are finished in 24-carat gold plated Sherle Wagner faucets and the exquisite furnishings are classic Louis XV style. There are Park views from both the living room and the King size bedroom suite, separated by sliding doors that allow for this space to convert to two bedrooms with complete privacy. The master bath, entered via double French doors, is decorated with marble mosaic tile in a leaf-like pattern inspired by Central Park. There is also a huge owners closet in the hallway. Priced competitively, this is a once in a lifetime opportunity to own a truly unique and spectacular pied-a-terre and income producing property (2017-19 annual net return was nearly 5%). The owner may rent the suite through the hotel rental management program while not in residence and has the option to use the suite for up to 120 days per annum at the owners discretion.

The Plaza Hotel which had 804 rooms was converted into a hotel and a residential condo in 2007. The new Plaza Hotel has only 272 rooms which is a reduction of 66%. This iconic hotel continues to have high demand and now with far fewer rooms the occupancy and rates are quite high which greatly benefits the condo hotel owners.
One of the highly coveted Edwardian Suites, this unit is nearly double the size of a standard Plaza guest room at 941 sf (87.42 sq m). This perfectly proportioned suite offers a spacious sitting room with a decorative fireplace, a powder room, wet-bar and Butler's Pantry. The bathrooms are finished in 24-carat gold plated Sherle Wagner faucets and the exquisite furnishings are classic Louis XV style. There are Park views from both the living room and the King size bedroom suite, separated by sliding doors that allow for this space to convert to two bedrooms with complete privacy. The master bath, entered via double French doors, is decorated with marble mosaic tile in a leaf-like pattern inspired by Central Park. There is also a huge owners closet in the hallway. Priced competitively, this is a once in a lifetime opportunity to own a truly unique and spectacular pied-a-terre and income producing property (2017-19 annual net return was nearly 5%). The owner may rent the suite through the hotel rental management program while not in residence and has the option to use the suite for up to 120 days per annum at the owners discretion.

The Plaza Hotel which had 804 rooms was converted into a hotel and a residential condo in 2007. The new Plaza Hotel has only 272 rooms which is a reduction of 66%. This iconic hotel continues to have high demand and now with far fewer rooms the occupancy and rates are quite high which greatly benefits the condo hotel owners.

Listing Courtesy of Brown Harris Stevens Residential Sales LLC

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Apartment Features

A/C
Washer / Dryer Hookups
768 Fifth Avenue Midtown West New York NY 10019

Building Details [768 Fifth Avenue]

Ownership Condo
Service Level Full Service
Access Elevator
Block/Lot 1274/7504
Building Type Hotel
Age Pre-War
Year Built 1907
Floors/Apts 20/282

Building Amenities

Housekeeping
WiFi

Building Statistics

$ 3,611 APPSF

Closed Sales Data [Last 12 Months]

Mortgage Calculator in [US Dollars]

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Loan Amount

Klara Madlin

License

Licensed Real Estate Broker


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